Kaplan Fox Reminds Investors of Class Action Lawsuit Against Customers Bancorp, Inc. (CUBI) and the Lead Player Expires on January 31, 2025 Per Investing.com

NEW YORK – (NewMediaWire) – January 4, 2025 – Kaplan Fox & Kilsheimer LLP informs investors that a securities class action has been filed against Clienti Bancorp, Inc. (NYSE:) (Customers Bancorp or Company) (NYSE: CUBI) the name of investors who purchased or otherwise acquired the securities of Customers Bancorp between March 1, 2024 and August 8, 2024.

CLICK HERE TO JOIN THE CASE

If you are a Client Bancorp investor and have suffered losses, you can CLICK HERE to contact us. You can also contact Kaplan Fox by email pmayer@kaplanfox.com or by calling (646) 315-9003.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than January 31, 2025 to serve as lead plaintiff for the putative class. If you have losses we encourage you to contact us to learn more about the main actor process.

On April 12, 2024, after the market closed, the Company disclosed that its Executive Vice President and Chief Financial Officer, Carla Leibold, was terminated on April 10, 2024 for cause under her agreement of work for violation of Company policy. Ms. Leibold disputed the Company’s characterization of her separation from the Company.

On this news, Customers Bancorp’s stock price fell $2.40 per share, nearly 5%, to close at $46.62 per share on April 15, 2024.

On August 8, 2024, the Federal Reserve Board announced enforcement action against Customers Bancorp and Customers Bank (owned and controlled by Customers Bancorp), stating that the most recent examinations and inspection identified significant deficiencies in relation to risk management practices and compliance with applicable anti-money laundering (AML) laws, rules and regulations, including the Act of banking secrecy. . . .

After this news, the stock price of Customers Bancorp fell $7.22 per share, more than 13%, to close at $47.01 per share on August 8, 2024.

The complaint alleges that during the Class Period, the Defendants made false and misleading statements and/or failed to disclose that Customers Bancorp had inadequate anti-money laundering practices and, therefore, was not in compliance with the its legal obligations, which have subjected the Company to increased regulatory risk.

WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With more than 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and history that clients demand. Through prosecution cases at the federal and state level, Kaplan Fox has successfully shaped the law by winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com.

This press release may be considered Lawyer Advertising in some jurisdictions under applicable law and ethical rules.

If you have any questions about this investigation, please contact:

Pamela A. Mayer

KAPLAN FOX & KILSHEIMER LLP

800 Third Avenue, 38th Floor

New York, New York 10022

(646) 315-9003

pmayer@kaplanfox.com

Laurence D. King

KAPLAN FOX & KILSHEIMER LLP

1999 Harrison Street, Suite 1560

Oakland, California 94612

(415) 772-4704

lking@kaplanfox.com

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